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Aero Montreal salutes Economic Action Plan

March 25, 2013, Montreal - Aéro Montréal, Quebec's aerospace cluster, said it is pleased with the industry-specific measures announced in Canada's Economic Action Plan 2013.


March 25, 2013
Carey Fredericks

"The measures announced are a positive response to the
recommendations issued in the Aerospace Review report tabled last
November. They are great news for the Quebec aerospace industry and
attest to its strategic importance for the Canadian economy," said
Gilles Labbé, chair of the board of Aéro Montréal and president and CEO
of Héroux-Devtek. 
The recommendations for
2013-2014 clearly reflect the main priorities the industry set during
the consultations in which Aéro Montréal took part: 
• A
five-year, $1 billion investment as part of the Strategic Aerospace and
Defence Initiative (SADI) and a commitment to review this program's
administration and operating procedures in the coming year 
• Implementation
of the Aerospace Technology Demonstration Program, with a budget of
$110 million over four years starting in 2014-2015 and $55 million per
year thereafter, including $20 million per year from SADI 
• Consultations on the creation of a National Aerospace Research and Technology Network 
• A review of the cost-recovery rate for aircraft safety certification to ensure the program can keep up with growing demand 
• A
commitment by the federal government to review the recommendations in
the Aerospace Review report in order to more effectively support
leadership and Canada's policies on space 
• A
commitment to create economic opportunities tied to the development of
key industrial capacities as part of military procurement programs 
In
addition, incentives for small businesses—such as tax breaks on new
machinery and equipment—will promote growth of the industrial fabric and
help strengthen the supply chain. 
"We salute
the government's vision in making aerospace a priority," said Aero
Montréal president Suzanne Benoît. "This initial work plan dovetails
with a number of initiatives implemented by actors in Quebec's aerospace
cluster in the past ten years, such as the Greener Aircraft Catalyst
Project (SA2GE) and the Consortium for Research and Innovation in
Aerospace in Québec (CRIAQ), as well as the MACH Initiative, Aéro
Montréal's supply chain development program. By actively supporting this
up-and-coming sector with effective and well-designed programs, the
Canadian government is helping ensure the industry's long term growth
and the creation of high quality jobs for Canadians."